Checklist released for retiring abroad

Wednesday February 4th , 2009

A checklist has been released to help guide people through the pitfalls of retiring abroad.

The guide, from travel website shelteroffshore.com, sets out the essential groundwork that must be done before taking the plunge and deciding to live in the sun permanently.

Calculating disposable income is vital to decide which destinations are viable and which are off limits, although currency fluctuations mean a healthy margin should be left.

In terms of location, would-be expats should consider factors such as whether they want to be close to the sea, how warm a climate they would like and even issues such as crime rates and healthcare.

The website advises that those with families may want to think about purchasing or renting properties with more than one bedroom as children and grandchildren are likely to want to visit.

Finally, people who hope to retire in the sun should ensure they do their research and even visit the country before signing up.

Meanwhile, expats moving abroad must arrive with an open mind and be prepared to adapt, according to the Financial Times.

The newspaper reports that those making a new home abroad should try to make friends as soon as they arrive.
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